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Micro-Loans in The Gambia

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Dave Gray

I'm Pageant's webmaster, so I know about the tremendous work Pageant does in The Gambia. Pageant’s micro-loans enable poor people in Gambian...

Raising money for
PAGEANT

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Total raised
£300.00

Target
None set

Donations accepted until 31-12-2018

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About

I'm Pageant's webmaster, so I know about the tremendous work Pageant does in The Gambia. Pageant’s micro-loans enable poor people in Gambian communities to start their own small businesses.

Event details

Help Pageant start new micro-loan schemes

Micro-loans are for people too poor for normal banks to bother with. Schemes are started with external money, but are then run by local committees, and loans paid back fund the next group of loans. Micro-loans are a powerful instrument to lift third-world communities out of poverty.

Pageant’s micro-loan scheme started in 2005 with 1500 Dalasis (£23 at January 2015 exchange rate) lent to each of six women in the village of Sika in The Gambia's North Bank region. This scheme is still going strong, with many groups of women getting loans as the previous group repay theirs. The scheme produced enormous benefits to the local economy, a spin-off being the establishment of the Sika Village Market.

Since then loan schemes have been started in Bakalarr (2007), Gunjur (2009), Jambanjelly (2012), Siffoe and Kanikunda (2013) and Brikama (2014). Yet more schemes are being organised. Your donation will help to fund these new schemes.

Click the flickr link above for more information

Event date

02-January-2015 01:00  - 
31-December-2017 00:00

Event type

Micro-Loans

Event already started

Find out more

Flickr
http://pageant.org.uk/loans.htm

Donations

An enduring donation in memory of Ian's work in setting up Pageant with Pippa
Donation by Graham & Sheila
on 10-10-2016
£100.00
£25.00 gift aid

Donation summary

Online Donations: £100.00
Offline Donations: £200.00
Total Raised: £300.00
Total Raised
with gift aid:    £325.00

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